Micron Forecasts Q4 Earnings Below Expectations, Raises Concern About Chip Down Cycle
Memory-chip firm Micron Technology announced a significantly weaker than expected business outlook on Thursday, raising concern that following nearly two years of strong demand, the industry was turning towards a down cycle. Micron forecast adjusted revenue for the current quarter at $7.2 billion (nearly Rs. 56,800 crore), plus or minus $400 million (nearly Rs. 3,200 …
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